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Question 12- Cash & Credit Management Techniques From the following particulars, prepare Cash budget...

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Accounting

Question 12- Cash & Credit Management Techniques
From the following particulars, prepare Cash budget for the
1.4.2021.
50% of sales are Cash Sales.
Credit allowed to customers 1 month
Credit allowed by suppliers 2 months
Wages payable 14 month time lag basis
Overhead expenses including depreciation K 3000.
Overhead expenses payable in 12 month time lag basis
Estimated Opening cash balance as on 1.4.2021 K 20,000
Dividend payable in the month of May K 20,000
Interest receivable in the month of April K12,000
Plant purchased in the Feb K 150,000, first instalment to be paid in the month of April K
50,000.
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